Business Cycle Fluctuations, Economic Growth & Granular Behavior: An Agent-Based Approach
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Mostra el registre complet de l'elementcomunitat-uji-handle:10234/158176
comunitat-uji-handle2:10234/71345
comunitat-uji-handle3:10234/173490
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TFG-TFMMetadades
Títol
Business Cycle Fluctuations, Economic Growth & Granular Behavior: An Agent-Based ApproachAutoria
Tutor/Supervisor; Universitat.Departament
Alfarano, Simone; Universitat Jaume I. Departament d'EconomiaData de publicació
2017-09-26Editor
Universitat Jaume IResum
This work proposes a generalization of Delli Gatti et al.’s (2005) model
in order to study the granular behavior observed empirically (Gabaix, 2011), namely
a few very large firms are able to account for a very high ... [+]
This work proposes a generalization of Delli Gatti et al.’s (2005) model
in order to study the granular behavior observed empirically (Gabaix, 2011), namely
a few very large firms are able to account for a very high fraction of macroeconomic
fluctuations. A sample made of 40000 Spanish firms during the period ranging from
1995 to 2015 is employed in order to carry out the empirical analysis. It is found
that the original model with constant-return-to-scale technology is able to generate a
degree of heterogeneity closer to that observed empirically than that produced by the
model with decreasing-return-to-scale technology. Nevertheless, the lower degree of
heterogeneity produced by the latter makes it possible to reduce the market share of
the largest company, which, in the original model, is far from what is observed. [-]
Paraules clau / Matèries
Descripció
Treball Final de Màster Universitari en Economia / Master in Economics. Codi: SRN015. Curs acadèmic 2016-2017
Tipus de document
info:eu-repo/semantics/masterThesisDrets d'accés
info:eu-repo/semantics/openAccess
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